Total onshore AUM across the Philippines’ top six domestic private banks was US$40.69bn at the end of 2021, a 16.41% increase from the previous year’s US$34.95bn, according to APB Insights’ newly-launched Asia Markets AUM data. Bank of the Philippine Islands topped the table with US$17.24bn in AUM, and BDO Private Bank came in second with US$12.62bn. They were followed by Metropolitan Bank & Trust Company (Metrobank) and RCBC Wealth Management, whose AUM totalled US$4.74bn and US$3.48bn, respectively. The second-last spot was taken by Security Bank with US$1.63bn.